. >> if they admitted wrong doing, that would open the floodgates for civil civil litigation where they would be put out of business. is that right? this is a debate we can have all day. the financial crisis occurred. there was some fraud involved. it's always been my opinion. but the reality is guess what? irrational exuberance is not a crime. that thing was based on a lot of hype and bubble mentality. that is usually stupidity, not crimes. liz: a lot of people got swept up in it, not just the financial firms. the one problem is only a certain portion got bailed out. >> that's another thing and why they got bailed out is because we needed a banking system. we can debate that. anyway bob khuzami is probably going to make a ton of money. liz: he's always welcome on this show. i gave you the ticker symbol robert khuz. >> did i spell his name right? liz: you got it right. you got your shirt, tie and the jacket wrong. >> i'm going to change in a minute. liz: too many stripes going on. >> i know. liz: thank you very much. we will be right back. and again, continued acceleration in losses for